Your basement is the most underused space in your home. Finished properly, it adds a bedroom, an office, a family room — and real value at resale. VMB Group's crews finish basements across Toronto to code, on schedule, and with the permits done right.
We handle everything from framing to final paint: insulation, drywall, flooring, pot lights, bathroom rough-in, egress windows, and trim. One contractor. One contract. No coordinating between trades.

"Finishing a basement" means converting unfinished space — bare concrete, exposed joists, raw walls — into habitable living area. The scope depends on how you intend to use the space and what the building code requires for that use.


A basement is only ready to finish when three conditions are met. Skipping any of these causes expensive problems after the walls are up.
Any crack or joint that allows water in needs to be sealed before framing. Moisture trapped behind drywall leads to mold within 12–18 months — and remediation costs far more than the original repair. We inspect every wall and floor joint before work begins and flag anything that needs to be addressed first.
Toronto's building code requires a minimum finished ceiling height of 6'5" (1.95m) for habitable rooms. Most homeowners want 7'6" or more for a comfortable space. If your basement is below that threshold, underpinning is required before finishing begins. We assess this at the estimate.
Foundation walls with active movement or horizontal cracking need to be stabilized before framing is attached. We check for this during the inspection. If issues are found, we address them — we don't frame over problems.
If your basement passes all three checks, we can go straight to finishing. If not, we'll tell you what preparation is needed and what it costs.
The cost to finish a basement in Toronto depends on the size of the space, the level of finish, and what extras (bathroom, egress window, wet bar) are included.
Cost per square foot — interior finishing only:
Finish level | Included | Cost per sq ft |
Basic | Framing, insulation, drywall, flooring, paint, pot lights | $60 – $85/sq ft |
Mid-range | + Bathroom (half or full), egress window, custom ceiling | $90 – $120/sq ft |
High-end | + Wet bar, heated floors, built-in millwork, home theatre rough-in | $120 – $160/sq ft |
Basement size | Basic finish | Mid-range | High-end |
600 sq ft | $36,000 – $51,000 | $54,000 – $72,000 | $72,000 – $96,000 |
800 sq ft | $48,000 – $68,000 | $72,000 – $96,000 | $96,000 – $128,000 |
1,000 sq ft | $60,000 – $85,000 | $90,000 – $120,000 | $120,000 – $160,000 |
What the estimate covers: Our written estimates are itemized. You can see the cost of framing, electrical, drywall, and each finish element separately. Nothing is bundled and hidden.
This is where many homeowners make a costly mistake: finishing without permits.
This is where many homeowners make a costly mistake: finishing without permits.
If any room in the finished basement will be used as a bedroom — or described as a bedroom at resale — Ontario Building Code requires an egress window. This is a minimum-sized window that allows a person to exit in an emergency.
Ontario minimum egress window requirements:
Cutting an egress window through a concrete foundation wall is structural work — it requires proper lintel installation and permit. VMB Group does this as part of the finishing package.
Cost: $2,500 – $4,500 per window opening depending on wall type and depth of cut.


Phase | Duration |
Permit application and approval | 2–6 weeks (City of Toronto permit times vary) |
Framing and rough-in (electrical, plumbing) | 2–3 weeks |
Framing inspection | 3–5 business days |
Insulation and drywall | 1–2 weeks |
Flooring, fixtures, pot lights | 1–2 weeks |
Painting and trim | 1 week |
Final inspection | 3–5 business days |
Total | 8–14 weeks |
The permit approval is often the longest variable. We apply as early as possible in the process and plan the schedule around expected approval timelines.
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Basic finishing (framing, drywall, flooring, paint, pot lights) runs approximately $60–$85 per square foot. A mid-range finish with bathroom and egress window is typically $90–$120 per sq ft. For an 800 sq ft basement, expect $48,000–$96,000 depending on scope. We provide itemized written estimates based on your specific basement.
Based on current Toronto contractor rates, most homeowners finishing a standard 800 sq ft basement spend $55,000–$85,000 for a mid-range finish including bathroom. Higher-end finishes or those requiring egress window cuts, wet bars, or heated floors will exceed this range.
VMB Group does — permit applications and inspections are included in our scope. Be cautious of contractors who quote significantly below market and exclude permits: unpermitted basement work is a liability at resale and may not be covered by insurance.
Typically 8–14 weeks from permit approval to completion for a standard basement. The permit approval process (currently 2–6 weeks at the City of Toronto) is often the longest phase. We apply early and schedule crews accordingly.
Yes, in most cases. Any finished basement that includes bedrooms, a bathroom, or significant electrical work requires a building permit. Basic storage or utility work may not. We advise on the permit requirements for your specific scope at the estimate.
Finishing refers to converting unfinished space to liveable area — framing, drywall, flooring, fixtures. Renovation is broader and often includes structural work (underpinning, waterproofing) as a prerequisite. If your basement needs ceiling height or has moisture issues, you need renovation first, then finishing. VMB Group does both. See our full basement renovation page →
VMB Group will assess your basement, confirm it's ready to finish (or tell you what preparation is needed first), and give you a written itemized estimate.
